Markets FTI

TechnipFMC Plc Q1 Profit Decreases, Misses Estimates

(RTTNews) - TechnipFMC plc (FTI) revealed a profit for first quarter that decreased from last year and missed the Street estimates.

The company's bottom line came in at $142 million, or $0.33 per share. This compares with $157.1 million, or $0.35 per share, last year.

Excluding items, TechnipFMC plc reported adjusted earnings of $142.9 million or $0.33 per share for the period.

Analysts on average had expected the company to earn $0.37 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 9.4% to $2.233 billion from $2.042 billion last year.

TechnipFMC plc earnings at a glance (GAAP) :

-Earnings: $142 Mln. vs. $157.1 Mln. last year. -EPS: $0.33 vs. $0.35 last year. -Revenue: $2.233 Bln vs. $2.042 Bln last year.

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Stocks Mentioned

Latest Articles

Data is currently not available